Cryptocurrencies are back on the rise. If you are wondering if it is the right time to invest, check out these 4 powerful cryptocurrencies, they can prove to be a great investment after the recent price drop.
Cryptocurrencies, like many other investment options, are volatile in nature. Thus, investors should not be afraid of seeing cryptocurrency prices fluctuate dramatically in a short period. Several top performing digital assets have seen their prices drop sharply after hitting all-time highs a few months ago. The movements, as far as you can worry, are part of the history of digital token prices. Several times in the past we’ve seen prices crash above 80% and then go up and reach new highs, and that’s what industry experts are predicting.
He said this, Cryptocurrency market disruption is beneficial for traders and investors as it provides an opportunity to buy digital assets at low prices. If you want to invest in cryptocurrencies but do not know which one to choose, here are some of the best cryptocurrencies that are ready for a sharp rise to buy right now:
4 Strong Cryptocurrencies Ready to Rise – Summary
|💰 Types of Information||Investing in cryptocurrency|
|✅ Selected Cryptocurrencies||Bitcoin, Ethereum, Solana, Chainlink|
|👉 Where to invest||eToro|
Buy Cryptocurrency for only 50 Euro
Read also: Now might be the best time to invest in cryptocurrency
Bitcoin is one of the most popular cryptocurrencies. As the first blockchain-based currency to debut on the market in 2009, it also set the standard for all other cryptocurrencies. Investors have been tempted to look for the next bitcoin, but despite the emergence of several advanced altcoins recently, BTC’s dominance continues.
Many companies are already accepting Bitcoin as a method of payment, and this adoption is one of the main reasons why this cryptocurrency is a smart investment. One example is Visa, which today deals with Bitcoin.
Another point in favor of the first cryptocurrency is that in February 2021, Tesla announced that it had invested an additional $1.5 billion in BTC.
Experts suggest it Invest in bitcoin today Thanks to its relatively low price. This, knowing Bitcoin Predictionscan be solid Long term investment strategy.
Bitcoin (BTC) Live Chart
Ether (ETH) is the original cryptocurrency of the Ethereum network. Launched in 2015, Ethereum enhanced the Bitcoin blockchain model and added the ability to encrypt automated transactions called smart contracts (smart contract).
The Ethereum blockchain network is also introduced decentralized applications (dApp), which uses the distributed nature of the network. Ethereum is also the foundation upon which the booming markets in Decentralized Finance (DeFi) and NFT.
Ether is the fuel that powers the entire process, which means it has many potential use cases. If you are looking to get involved in the Ethereum ecosystem, buying ETH can be a smart move.
Read also: Is Ethereum (ETH) Worth Investing in 2022? This is what the predictions say
Ethereum (ETH) live chart
Solana (SOL) is the fourth generation of blockchain and cryptocurrency that takes advantage of an open infrastructure to provide it Greater scalability. The network introduces many new and unique technologies to provide users with unparalleled transaction speed and enterprise-grade security. As a result, the network has experienced significant growth since its launch in 2017.
Solana is one of the most advanced blockchains in operation today. The developers behind this project were able to create a network that can surpass existing payment processors in terms of TPS and functionality. Therefore, you can expect to see more developers switch to Solana as legacy blockchains continue to suffer from scalability issues.
Read also: Should you invest in Solana (SOL) in 2022? These are the pros and cons
Solana Direct Scheme (SOL)
Chainlink is the world’s first and most popular Oracle system. They form the backbone of smart contracts, especially DeFi protocols, relying on external real-world data to perform their tasks. The platform primarily runs on the Ethereum network but is also designed to support other blockchains.
As the first Oracle system with a robust design, Chainlink is the Oracle provider of choice for just about any project. Therefore, it is the most integrated service in the field of cryptography. Therefore, the impact of the Chainlink network cannot be overstated, and its implications are enormous.
Chainlink currently boasts over 500 projects and initiatives (both inside and outside the native cryptocurrency industry). This means that investing in Chainlink now may provide an advantage if we end up in a multi-chain future. Experts believe thatBuying Chainlink now could double your investment in the future by the end of 2022.
Invest with expert help
Are you experienced enough to trade cryptocurrency? If you are not, but still want to take advantage of the market trend, you can delegate your place to someone else. on the trading platform eToro You can use the function copy trading, a service that allows you to choose an expert trader and automatically copy every move he makes. Find the best investors, click on a copy and let them try to make a profit for you too.
How to invest in CFDs for Cryptocurrency
to Investing in cryptocurrency (Bitcoin, Ethereum, Cardano, Solana, Dogecoin, Litecoin, etc…) There are more possibilities, but surely the simplest is through Trade CFDs on Cryptocurrencies.
Among the advantages of cryptocurrency trading through CFDs is the ability to trade 24 hours a day, even on weekends. Also with CFDs it is possible to “bet” Both upside down and downsideThus, the possibility of making a profit (or loss) during the stages of rise and fall.
Moreover, CFDs on cryptocurrencies are reliable Leverage 1: 2 for retail investors. This means that by investing 1,000 euros, the position in the market will be doubled, 2,000 euros. Leverage has the advantage of doubling your profits but exposes you to greater risk if prices go in the opposite direction to your chosen one.
Where to invest in cryptocurrency using CFDs
Investing in cryptocurrencies is one of the favorite activities of many people who want to ride the enthusiastic rise of digital currencies. Thanks to CFDs, anyone can easily access the financial markets and buy cryptocurrencies (or other types of assets such as stocks, currencies, commodities, etc…), even with a small starting capital.
If you want to start investing in cryptocurrency, we advise you to do so with a demo account, which many brokers offer for free, such as eToro (look here eToro . Review).
eToro offers investors, from novices to experts, a complete cryptocurrency trading experience, on a powerful and easy-to-use platform.
With eToro you can Build your perfect crypto walletTrade a wide range of cryptocurrencies and cryptocurrency crosses, and follow the progress of each currency using advanced charts and analysis tools.
Don’t trade cryptocurrencies alone. eToro is more than just a place to trade. Use award-winning features social commerce To connect with more than 20 million users around the world and find Best Crypto Traders to Copy with CopyTrader™.
By registering on the eToro website, you get to try out the best trading platforms for free as well as being able to count on the lowest spreads in the industry and a full suite of powerful risk management tools. It includes a number of basic, technical, and emotional tools to help you make the best decisions.
To learn more about the eToro offer, visit the website https://www.etoro.com/it
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CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. Between 62 and 89% of retail investor accounts lose money when trading CFDs. When trading CFDs, you should consider your understanding of how CFDs work and take into account the high risk of losing your money. Please read the full risk disclosure statement.
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